Company Database - OpenPayd

OpenPayd's mission is to power the growth of the digital economy through its global Embedded Finance infrastructure. Through a unique combination of technology and licencing infrastructure, any business can launch their own financial service.

Website

www.openpayd.com

Active since

2017

Head office

London, UK

Country offices in

Malta, France, Bulgaria, Istanbul and the US.

Geographical coverage

Global

Founder

Dr. Ozan Ozerk

Funding rounds and investors

Boot-strapped

Number of employees

100+

Member of industry association and/or initiatives

Innovate Finance, Fintech Alliance, Payments Association, CryptoUK, ADAN, Fintech Bulgaria, and EMA.

Contact

marketing@openpayd.com

Core solution

The company`s core solutions

OpenPayd's API provides a single point of connection that allows businesses to embed Payments, Accounts, Foreign Exchange, and Treasury services into their own platforms.

Major use cases & Products

Accounts, Payments, Foreign Exchange, and Treasury.

Specialisation/Verticals

Financial Institutions, Digital Assets, and Digital Platforms.

Competitive advantage

OpenPayd's technology infrastructure is the market leader for scalability and reliability. The platform boasts 99.99% uptime, the ability to create millions+ virtual IBANs instantly, and currently processing EUR 6 billion+ every month. 

Target market

Target customers

Financial Institutions, Digital Assets, and Digital Platforms.

Current customers

eToro, Crypto.com, OKX, Caxton, Libertex, and 450 more.

Technology

Technologies/tech stack/capabilities

API & Web Portal

Operating model

Category

Banking-as-a-Service + Licenced Embedded Finance provider

The key layers that the provider is active in

Licence + Technology

Licence

The Group has an Electronic Money Institution authorisation issued by the UK Financial Conduct Authority ('FCA') for SettleGo Solutions Limited (trading as ‘OpenPayd’, FRN: 900483) and a Financial Institution Licence issued by the Malta Financial Services Authority ('MFSA') to undertake payment services and issue electronic money across the EEA for OpenPayd Financial Services Malta Limited (MBR Registration code: C 75580). Furthermore, OpenPayd Financial Services Malta Limited has established a local branch in Paris authorised by the Banque de France ACPR to issue electronic money and received approval from the MFSA for an extension of its licence to offer Payment Initiation Services and Account Information Services.